A
Agro-Industrialisation
Commercialise farming and capture value at home. Coffee, tea and specialty crops are processed and packaged in Uganda rather than exported raw and re-imported at a multiple of the price.
The Strategy
A decade of
transformation.
Uganda’s plan to expand the economy ten-fold, from USD 53 billion to USD 500 billion by 2040. Its architect, Dr Ramathan Ggoobi, was appointed Permanent Secretary and Secretary to the Treasury in July 2021 with a direct presidential brief: socio-economic transformation.
Three years into execution, the direction is set. Growth is sustained, exports are rising, and international confidence has followed.
Now · National Budget Month
The FY2026/27 National Budget is read in Parliament on 11 June 2026.
Its theme, full monetisation of Uganda’s economy through commercial agriculture, industrialisation, expanding services, digital transformation and market access, is anchored on the same ATMS strategy set out below. More than 85 per cent of government expenditure is directed to the ATMS sectors and their enablers.
Launched by Dr Ramathan Ggoobi · MoFPED [S10]
June
11
2026
GDP Growth FY24/25
6.3%
FDI · Africa Rank
4th· USD 2.9bn
Absa AFMI · Africa
3rd
01
ATMS
The four anchor sectors.
The Strategy concentrates investment in four high-productivity sectors Dr Ggoobi calls ATMS. They are the engines of transformation: the places where value stays inside Uganda’s borders and where industrial employment is built.
T
Tourism
Multiply arrivals, deepen stays and lift spend. Concession-grade infrastructure and service quality across Uganda's flagship national parks, built for premium conservation-aligned demand.
M
Mineral-Based Industrialisation
Domestic refining and smelting of oil, gas, gold, tin and iron. Critical-mineral supply chains for copper, graphite and rare earths, with traceability built in from the cadastre.
S
Science, Technology & Innovation
Vaccines, diagnostics, ICT and high-value manufacturing. The Uganda AI Vision 2040 programme extends across public services, health, agriculture and finance.
02
First Oil
A strategic revenue window.
First oil is now on a short horizon. The East African Crude Oil Pipeline is over 80 per cent complete, and first revenues are scheduled for 2026/27.
These revenues feed the Petroleum Fund, whose allocation principle underpins the industrialisation agenda. Upstream investment of more than USD 7.3 billionpositions Uganda as East Africa’s next major energy economy.